Flat 1, 38
Flat 1, 38
Description & Estimates
Flat 1, 38, Commercial Street is recorded publicly as a period leasehold apartment across 656 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony and garden.
Our estimate of the sale value of Flat 1, 38, Commercial Street is £542,485 and its rental estimate is £2,783 per month, given the available information and assuming reasonable condition.
38, Commercial Street is a residential building on Commercial Street, London, E1 and falls within the E1 postal district and the London Borough of Tower Hamlets.
Our Data Sources
Flat 1, 38, Commercial Street has 61 entries in the Land Registry , most recently in March 2015 and a single entry in the EPC database dated October 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Flat 1, 38, Commercial Street, we estimate a market value of £569,609 and a rental value of £2,922 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £504,511 and £2,588 per month respectively.
Recent Market Change
Over the last year, Flat 1, 38, Commercial Street has seen its estimated sale value decline by £15,700 (2.9%) and its estimated rental value climb by £149 per month (5.3%). This results in an estimated gross rental yield of 6.2%.
Energy Efficiency
Flat 1, 38, Commercial Street has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 20 Oct 2009.
The property is connected to mains gas and has full triple glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of Flat 1, 38, Commercial Street completed on 20th March 2015 at £650,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 6 times.
Values of comparable properties have dropped by 7.2% over the period since March 2015.
- Sold Mar 2015£650,000
- Sold Dec 2013£500,000
- Sold Aug 2010£430,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 38, Commercial Street have sold within a radius of 220 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th August 2025, was Flat 46, Kensington Apartments 11, Commercial Street, London, E1 6LW, a leasehold flat which sold for £710,000.
Read more about house prices in E1.
- Sold Aug 2025£710,000 | 2 Bed FlatKensington Apartments 11, Commercial StreetFlat 46, Kensington Apartments 11, Commercial Street, London, E1 6LW
- Sold Apr 2024£620,000 | 2 Bed Flat4, Gunthorpe StreetFlat 2, 4, Gunthorpe Street, London, E1 7RQ
- Sold Nov 2023£570,000 | 2 Bed Flat38, Commercial StreetFlat 3, 38, Commercial Street, London, E1 6LP
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 609 addresses on Commercial Street, London, E1, Flat 1, 38, Commercial Street comes out as the 357th largest and the 280th most expensive in our analysis of the public data.
It is also £27k more expensive than the average property across the E1 district.
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Schools Nearby
- 0mMulberry Canon Barnett Primary Academy
- 300mChrist Church CofE School
- 400mEnglish Martyrs Roman Catholic Primary School
- 600mLondon Enterprise Academy
- 800mWapping High School
- 900mMulberry School for Girls
More reading links
Public Transport Nearby
From Flat 1, 38, Commercial Street, the nearest station is Aldgate East, 100 metres away.
- 100mAldgate East
- 300mAldgate
- 700mTower Gateway
Available Internet Speeds
Broadband here reaches standard speeds, based on recent Ofcom data.
According to recent data from Ofcom, Standard broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
